State-run refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday confirmed that it plans to invite companies to develop a 5.4 hectare plot of land near Kaohsiung Port into a shopping district by selling the rights to the plot next year.
A pre-auction meeting is expected to be held later this year to ask interested parties to bid for the lease on the land in Kaohsiung Software Technology Park, valid for between 50 and 70 years, CPC and the Ministry of Finance said.
CPC vice president Chen Ming-hui (陳明輝) said the company’s original plan was to develop the land into the largest consumer electronics shopping mall in Taiwan.
However, after a thorough review and discussion with the ministry and the local government, the company changed the plan and is now considering inviting companies to build a new shopping district in Greater Kaohsiung, with major facilities including office buildings, hotels, duty-free boutique stores and department stores, Chen said.
“We expect our land development project to help Greater Kaohsiung government transform the Port of Kaohsiung into a tourism-oriented harbor attracting people to the city and boosting sales of local vendors,” Chen said by telephone yesterday.
CPC will allow companies to make joint bids for the land, which has 55,500m2 by 272,000m2 available for ground-floor development.
The land development project, part of the government’s bid to revitalize state-owned assets, will be conducted in several phases, Chen said.
The cost of project is estimated at more than NT$10 billion (US$337.84 million), he said.
The plot of land is surrounded by the city’s Multifunctional Commerce and Trade Park, Kaohsiung Exhibition and Convention Center, Kaohsiung Software Technology Park and a China Steel Corp (中鋼) office building.
It will benefit from a better transportation network once the city’s light rail transit system is completed, the ministry said.